Cary North Carolina Quitclaim Deed from Corporation to Individual

• Category: North Carolina Real Estate - Deeds - Quitclaims
• State: North Carolina
• City: Cary
• Control #: NC-011-77
• Format: Word; Rich Text

Description

This Quitclaim Deed from Corporation to Individual form is a Quitclaim Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and quitclaims the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws. A Cary, North Carolina Quitclaim Deed from Corporation to an Individual is a legally binding document that transfers ownership of a property from a corporation to an individual, executed through the use of a quitclaim deed. This type of deed is often used when a corporation decides to transfer a property, or a portion thereof, to an individual for various reasons such as employee benefits, stock options, or executives' compensation packages. In Cary, North Carolina, there are a few different types of quitclaim deeds that can be used to transfer ownership from a corporation to an individual. These include: 1. General Quitclaim Deed: This is the most common type of quitclaim deed used in Cary, North Carolina, where the corporation transfers its interest in the property to an individual without making any warranties or guarantees regarding the property's title. 2. Limited Warranty Quitclaim Deed: This type of quitclaim deed provides a limited warranty from the corporation to the individual, assuring that the corporation has not done anything to encumber the property during its ownership. However, it does not protect against any claims that may arise before the corporation acquired the property. 3. Special Warranty Quitclaim Deed: This deed offers a more comprehensive warranty than the limited warranty quitclaim deed. The corporation guarantees that there are no encumbrances on the property and that it has not taken any actions that could affect the title during its ownership. However, like the limited warranty quitclaim deed, it does not provide protection against claims arising before the corporation acquired the property. When executing a Cary, North Carolina Quitclaim Deed from Corporation to Individual, it is crucial to consult with a qualified real estate attorney to ensure the document complies with the state's laws and accurately reflects the intended transfer of ownership. Additionally, it is advisable for both the corporation and the individual to conduct a thorough title search to identify any potential issues or claims against the property before finalizing the transfer. Keywords: Cary, North Carolina; Quitclaim Deed; Corporation; Individual; Ownership; Property; Transfer; Employee Benefits; Stock Options; Executives' Compensation; General Quitclaim Deed; Limited Warranty Quitclaim Deed; Special Warranty Quitclaim Deed; Real Estate Attorney; Title Search.

A Cary, North Carolina Quitclaim Deed from Corporation to an Individual is a legally binding document that transfers ownership of a property from a corporation to an individual, executed through the use of a quitclaim deed. This type of deed is often used when a corporation decides to transfer a property, or a portion thereof, to an individual for various reasons such as employee benefits, stock options, or executives' compensation packages. In Cary, North Carolina, there are a few different types of quitclaim deeds that can be used to transfer ownership from a corporation to an individual. These include: 1. General Quitclaim Deed: This is the most common type of quitclaim deed used in Cary, North Carolina, where the corporation transfers its interest in the property to an individual without making any warranties or guarantees regarding the property's title. 2. Limited Warranty Quitclaim Deed: This type of quitclaim deed provides a limited warranty from the corporation to the individual, assuring that the corporation has not done anything to encumber the property during its ownership. However, it does not protect against any claims that may arise before the corporation acquired the property. 3. Special Warranty Quitclaim Deed: This deed offers a more comprehensive warranty than the limited warranty quitclaim deed. The corporation guarantees that there are no encumbrances on the property and that it has not taken any actions that could affect the title during its ownership. However, like the limited warranty quitclaim deed, it does not provide protection against claims arising before the corporation acquired the property. When executing a Cary, North Carolina Quitclaim Deed from Corporation to Individual, it is crucial to consult with a qualified real estate attorney to ensure the document complies with the state's laws and accurately reflects the intended transfer of ownership. Additionally, it is advisable for both the corporation and the individual to conduct a thorough title search to identify any potential issues or claims against the property before finalizing the transfer. Keywords: Cary, North Carolina; Quitclaim Deed; Corporation; Individual; Ownership; Property; Transfer; Employee Benefits; Stock Options; Executives' Compensation; General Quitclaim Deed; Limited Warranty Quitclaim Deed; Special Warranty Quitclaim Deed; Real Estate Attorney; Title Search.